FREELANCING & SELF-EMPLOYMENT IN SPAIN EXPLAINED 2024 🇪🇸 Taxes, Social Security, Challenges

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Freelancing, self-employment and "autónomo" work in Spain is how people living across the country work for themselves. But there are a range of challenges, from taxes, social security, signing up, fulfilling your obligations and more. In this video I break down the key information that you need to know when signing up to be self-employed in Spain.
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Check out my related content:
🔹 • LIFE IN SPAIN AS A DIG...
🔹 • SPAIN'S NEW DIGITAL NO...
🔹 • WHY DIGITAL NOMADS CHO...
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Mentioned in this video:
🔹 Declarando platform for autónomos: declarando.es?deal=millennialswm
🔹 Income tax by Autonomos Community explained (Spanish article): taxdown.es/blog/tramos-tablas...
🔹 Monthly tariffs for self-employed workers (Spanish article): www.infoautonomos.com/segurid....
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Chapters:
0:00 - Intro
0:42 - Who can be self-employed?
1:43 - How to sign-up (darse de alta)
2:37 - Social Security
4:27 - Monthly tariffs for 2024
5:42 - Income tax for self-employed workers
6:50 - Benefits and drawbacks of self-employment
9:06 - Is it worth it?
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About me:
Welcome to Millennials With Money!
My name is Jonny, I'm a financial analyst from the UK, currently living and working in Spain.
I created this channel to help and inspire young people to improve their financial situation and live life to the full by sharing my own experiences with money and living abroad.
I upload content on a weekly basis about personal finance, how to invest your money, tips to help you save more money, real estate and property, and travel and living overseas.
Everybody is welcome in the Millennials With Money community! Let's get this money!!!
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#selfempowerment
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DISCLAIMER: The opinions and views shared on this channel are for entertainment and educational purposes only and are not to be taken as financial advice. Always conduct your own research prior to making any financial decision. Millennials With Money cannot be held responsible for any financial loss incurred from any decisions you make following this video.

Опубликовано:

4 авг 2024

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Комментарии : 54

@MillennialsWithMoney 6 месяцев назад

If you're looking at moving to Spain and need visa help, book a consultation with Bureacracy immigration experts and get a special discount using my link! www.bureaucracy.es/millennialswithmoney

@MillennialsWithMoney 8 месяцев назад

Are you thinking about self-employment in Spain? Leave a comment and let me know!

@faelohim8013 6 месяцев назад

Hi Johnny, is it possible to book you for a private consultation? Thanks for this helpful channel x

@MillennialsWithMoney 6 месяцев назад

@@faelohim8013 hi! I think you also sent a message via the webform on the website? Replied to you yesterday if so ☺

@witchmorrow 2 дня назад

thanks so much for this info!

@MillennialsWithMoney 2 дня назад

@@witchmorrow thanks for watching!! 😁

@mariamahal3699 4 месяца назад

Hi Millennials new subcribers here you've a great video tutorial ❤

@aniol6536 Месяц назад

Thx for info

@MillennialsWithMoney Месяц назад

Thanks for watching!!

@ZinziMaya 23 дня назад

I’m a resident, and I have always previously been self employed when I used to live in the UK so I guess I’d like to go self-employed here… but the cost is terrifying 😂 Things I do come under multiple sectors. I’m an artist, but things I have done previously would fall under everything from working with clients in art/film/photography, content creation, online shop, coaching/teaching, etc. etc. so I don’t have a clue what I’d even register as haha. It’s all very overwhelming.

@MillennialsWithMoney 23 дня назад

@@ZinziMaya I feel that! It’s possible to have multiple activities and you’ll only pay the autonomo fee based on your total income across all your difference activities, a gestor will be able to help you with the appropriate epigrafes. Hope this helps!

@ZinziMaya 23 дня назад

@@MillennialsWithMoney Thank you! I’m looking into it all, want to make sure I’m actually prepared before I register so I’m not paying unnecessarily before I’m ready to go haha. So confusing, thank you for this video.

@ollytwist Месяц назад

Just got my permiso de trabajar como autónomo last week and now I gotta quickly figure out how to do my taxes by the end of this month ☠️ you’re channel is amazing! Thank you so much! If you’re in BCN lmk I’ll buy you a beer as a thank you hahaha

@MillennialsWithMoney Месяц назад

Thanks and congrats Olly!! You got this mate 👊🏻💯

@hamzashahbaz695 Месяц назад

Can you guide me how to get autonomo?

@IrishAndroidGuy 8 месяцев назад

Hey man I found your channel a few days ago. Would it be possible to do a video on moving to Spain as a freelancer. So many different things online as far as finding housing, registering for NIE, empadronamiento and what’s needed as a freelancer etc

@MillennialsWithMoney 8 месяцев назад

Hey Ayo, thanks for watching!! Will keep your suggestion in mind for a possible future video indeed 😁

@_D_A_V_E_ 8 месяцев назад

Freelancer online or in person? Remotely you’d be best to open a company in Estonia or the like. Local freelancer you’d have to go the ‘dinero negro’ cash in hand route or official autónomo. For NIE, apportionments are scarce. Find an agent online to book the appt for you, it’ll save you trouble.

@michaeldiva 2 месяца назад

Great video! Appreciate your insights on the taxes self employed people need to pay. I do have a question though , what if you stay less than 183 days in spain, would this exempt you from paying taxes? Also if you have a DNV in spain and stay less than 183 days, would your DNV get automatically cancelled ?

@MillennialsWithMoney 2 месяца назад

Thanks Michael! Tax and physical residency are different, my understanding is that the DNV wouldn’t necessarily be cancelled but staying less than 183 days could impact tax implications, I’d check with a professional to understand the specifics of your case. Thanks for watching!

@Blue_7777 2 месяца назад

Hi! Such a great video. If you are partially self-employed/autónomo (if you also work for example a job at an employer), do you still pay the same amount of seguridad social as someone that's full time autónomo? Thank you!

@MillennialsWithMoney 2 месяца назад

Thanks for watching! Unfortunately yes, if someone is autónomo and employed at the same time, they essentially pay employee and autónomo social security (speaking from personal experience ☹️). Often though social security give a refund of up to 50% on the autónomo social security quotas at the end of the year. Definitely speak to an advisor to understand your situation. Hope this helps!

@andrejavagaja6044 8 месяцев назад

Hi, great video. Found you today. Have 2 questions: in a previous video you mentioned you are employed as well as autonomo, does that mean you pay double social security? In my country it was divided by autonomo and the company I was employed at. #2 Do you know of any app or site where I could calculate my income after deducting everything? Like, let say I bill 2400€, how much do I actually get net out of it?

@MillennialsWithMoney 8 месяцев назад

Hey Andreja, thanks for watching!! In this case yes, during the year someone who is in a “pluriactivo” situation will pay double social security yes, however in the following year they should get a refund of 50% on the corresponding autónomo cuota payments they made. For the second question I found the following calculator (in Spanish) which looks quite good for autónomos: abaq.pro/calculadora-ingresos. Your comment has given me an idea for building a calculator for people so keep an eye on the store on the website 😊 hope this helps!

@stefaniekumaran563 8 месяцев назад

Thanks so much for the video! Thinking of moving to Spain as an autonomo in 2024 (EU citizen). Did I understand it right though that the Soc. Security payment includes a (basic) medical insurance, pension payment as well as unemployment insurance? Because the amounts are still a LOT less than what we pay here in Germany.

@MillennialsWithMoney 8 месяцев назад

Thanks for watching Stefanie! If my understanding is correct, Social Security contributions give you access to public healthcare, unemployment after a certain time (I think one year), however a spanish state pension requires many years of contributions to be eligible. Very surprised to hear that there are places with even higher amounts than Spain!! Hope this helps!

@stefaniekumaran563 8 месяцев назад

@@MillennialsWithMoney thanks so much. Not expecting to get a pension after a year of paying SS :-) but its good to know that its "all-in-one". In DE, you pay 19% of your income just for your med insurance, which could esaily amount to 850Euros a month! So yes, Spain has a better option indeed.

@MillennialsWithMoney 8 месяцев назад

@@stefaniekumaran563 welcome!! Oh wow that is a lot indeed 😰

@user-df6ch1fe3i 3 месяца назад

Hy man, thanks for video. I need a little bit concentration,i am lost actually, let me explain. I am a delivery boy (Glovo). There was a misunderstanding,i thought i am supose to declare that VAT exactly after 3 months i didn't know that there were specific dates. so my Gestor has declared 0 sale. Please let me know how i can correct it by myself and also if I have to pay any fee or panelity. please let me know brother ❤❤❤

@katherineannablanter6012 3 месяца назад

Hey! Got a few questions about registering as autonomo as an online tutor (I have a PhD in physics/biomterials): I'm Polish, trying to register in Valenica. I have already: NIE (just the number on a paper stamped by the immigration office) Padron in Valencia Private health insurance that covers me in Spain with no co-pays Spanish bank account (with upwards of 12k eur on it) EU passport/ID card I read that I have to go to the tax office, fill out a 037 form, and then bring documents from the tax office to register with social security. Then I can register as autonomo. After have all of the documents I listed above plus the registration as an autonomo, will that be enough to become resident here in Valencia, even before I have acquired any income or clients? Or do I need to show that I have already earned money as an autonomo and show that I have a certain lump sum/regular income from my self-employed work? Not sure what financial situation is expected of me. Thank you in advance!

@MillennialsWithMoney 3 месяца назад

Hi Katherine, thanks for watching! It looks like you’re well underway with the residency process! As an EU citizen financial requirements are relatively low, so if someone can prove sufficient savings or minimum wage income (I think 7,200€ in savings or 600€ a month income) then it shouldn’t be a problem to register as a resident. Hope this helps and good luck getting registered! Sounds like you’re well on the way to getting it done😁

@GusUruguay 5 месяцев назад

I live in Uruguay and get my income from the USA stock exchange, investing in options selling (I get no dividends). What kind of Visa would you say I should give a look at? What taxes to consider? Thanks for you help!

@MillennialsWithMoney 5 месяцев назад

Hey Gus, the Non-Lucrative Visa (NLV) is probably the closest given the nature of what you're doing. It allows people to live in Spain without having the right to work, when they earn non-work related or "passive" income. The taxes would range from 19-26% approximately depending on the amount of income, per my understanding. Best to speak to an immigration and tax specialist in both cases, for the immigration part you can check out Bureaucracy at www.bureaucracy.es/millennialswithmoney for a special discount if you decide to apply for the visa through with their team :) I've also got a more recent video where I talk about moving to Spain in 2024 where I cover taxes and visas: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-5eHsw1_dArw.html. Hope this helps!!

@benjaminwillyfelix5338 7 месяцев назад

Hi! I'm from the Philippines and have been in Spain under the language assistant program for the past 3 years. Do you think it's possible for me to convert from a student visa to the autonomo status?

@MillennialsWithMoney 7 месяцев назад

Hey Benjamin! I’m not too sure about the conditions in which a student visa can be converted to a working visa or residency, but an immigration specialist / gestor would definitely be able to help you 😊 all the best!

@liamcaffrey1741 17 дней назад

Hey Great video. Super informative. I am considering this, however I noted that you need to provide proof that my business would help the Spanish economy. As a self employed travel agent, would you say it is possible to say selling holidays to UK citizens to Spain would be sufficient?

@MillennialsWithMoney 17 дней назад

@@liamcaffrey1741 thanks for watching Liam!! Generally speaking getting a self employed visa is very challenging as I understand as it also has to be somewhat unique. If you’re able to sell holidays to clients elsewhere in the world then you could perhaps look at the digital nomad visa though which doesn’t require submission of a business plan. Hope this helps!

@liamcaffrey1741 16 дней назад

@@MillennialsWithMoney cheers thank you. I’ll look in to it.

@audreypelosse5261 7 месяцев назад

Hey :) thank you for that video it is so clear and easy to understand.My question is about the tax authority (agencia tributaria) I understand it is me that needs to pay the taxes, but at the end it is the customer that purchase the product that pays it? In canada I pay 15% of taxes for every product I sell but when the product is sold the customer knows that 15% will be added to the price so at the end I am not the one paying the taxes.I know i. spain it would not be 15% but does it still works the same way meaning the customer pays the taxes ?😊I hope my question is clear

@MillennialsWithMoney 7 месяцев назад

Hey Audrey, thanks for watching! In Spain, VAT is included in the final price of a product sold and on the final invoice to a customer, so the business owner should keep this in mind when setting the prices. The business essentially “collects” the VAT and then pays it to the government on a quarterly basis (though it can be lowered/offset by business expenses that include VAT). Hope this helps!

@audreypelosse5261 7 месяцев назад

@@MillennialsWithMoney thank youuu so much 🙏🏻yes that makes sense! One last question haha🙈I am tattoo artist,are tattoo artist in spain considered autonomos in general ?

@MillennialsWithMoney 7 месяцев назад

@@audreypelosse5261 welcome! Autónomo is essentially just a business formation, a tattoo business could be done as an autonomo or through a limited company (SL) as well. Which one is best would depend on the person running the business, so worth consulting with a tax professional 😊

@audreypelosse5261 7 месяцев назад

@@MillennialsWithMoney perfect yess thanks again for your time!😄✨

@_D_A_V_E_ 8 месяцев назад

Hey Jonny. Where are you located in Spain?

@MillennialsWithMoney 8 месяцев назад

Hey, in the Madrid region (but not in the centre) 😊

@Chinedu311 8 месяцев назад

Hi, another great video. If I stay in Spain for 5 years and become a permanent resident and after that get a full time remote job with a US company for example(not freelancing). Does that make me an Autonomo

@MillennialsWithMoney 8 месяцев назад

Thanks Chinedu! That's a tricky question and probably one for an expert to look into, but most likely you wouldn't be an autónomo.

@Chinedu311 8 месяцев назад

@@MillennialsWithMoney thank you, expert as in lawyer?

@MillennialsWithMoney 8 месяцев назад

@@Chinedu311 welcome! Yes a lawyer, best is probably someone who specialises in tax/accounting/residency

@rave04 5 месяцев назад

Clarification: Cuota Cero is still not available for most, as it requires having been an autonomous worker for at least one year, after that you can apply for it and then receive such Cuota Cero. It is practically useless as anyone who has been self employed in Spain for more than a year is not a beginner, so they way they marketed it is truly just for political gains.

@syedzainulabideen7448 3 месяца назад

Hi We have Deposit into Spain account 45k and now how much i have to pay taxes ? We have a physical store in Barcelona.

@MillennialsWithMoney 3 месяца назад

Hey, depositing in a Spanish bank account doesn’t necessarily mean paying tax. Tax is paid based on income generated in Spain (or abroad if a tax resident). I’d suggest speaking with a tax advisor to understand your tax obligations. Hope this helps!